PROBLEMS, PROSPECTS AND GROWTH OF NIGERIA’S CHEQUEING SYSTEM

ABSTRACT

This study is intended primarily to find out why the Nigeria society appears to have lost confidence on the use of cheques for transaction. Whether this loss of confidence is as a result of people’s misuse of this instrument or due to some lapses in the chequeing system itself. 

Based on the primary motivation, various major problems associated with the use of cheques were identified. However, the use of dud cheques appears to be the base of other problems, which have precipitated into people’s mistrust for cheque in Nigeria. The result according to the author’s findings, is the cash payment basis or bankers draft is usually preferred by individuals, establishments and government agents for settlement of transactions. 

Furthermore, this study give a number of solutions and recommendation for more effective chequeing system in Nigeria based on the identified problem. 

It is believed that the elimination of these problems will usher in a more functional chequeing system in Nigeria. Happily, the major finding of this study is that there was an increase in the use of cheques during the currency exchange of 1984, and that more employers new pay their workers with cheques through the bank.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE 

1.1Introduction 

1.2Definition of terms

1.3Purpose of the study

1.4Significance of this study

1.5Statement of problem

1.6Limitation of the study

1.7Reference

CHAPTER TWO

2.1Definition of cheque

2.2Characteristics of cheque

2.3Parties to a cheque

2.4Advantages of cheque

2.5Disadvantages of cheque

2.6Problems associated with the use of cheque

2.7Types of cheque

2.8Crossed cheques

2.9Forms of cheque

2.10Dishonour of cheque

2.11Reference

CHAPTER THREE

3.1Design and methodology

3.2Location of study

3.3Population for the study

3.4Population sample

3.5Instruments for data collection

3.6Validity and reliability of the instrument 

3.7Methods of data collection

3.8Data treatment technique

CHAPTER FOUR 

CHEQUE AS AN IMPORTANT BANK INSTRUMENT FOR DAY TO DAY SETTLEMENT OF TRANSACTION.

4.1Cheque as bills of exchange

4.2Increasing use of cheque

4.3Cheque clearing system

4.4The clearing house

4.5The clearing house operations

4.6Clearing a cheque drawn on another clearing area

4.7Clearing a cheque

4.8Payment of cheque

CHAPTER FIVE

5.1Conclusion

5.2Production and cashing of Cheque

5.3Accelerated (fast/Quick)

5.4Education and training:

5.5Local traveler’s Cheque:

Bibliography: